Starknet

24h change: -2.28%. From $0.0417 to $0.0408.

• Starknet has launched strkBTC, a 1:1 Bitcoin-backed asset on its layer-2 network that lets users shield balances and make confidential transfers with zero-knowledge cryptography. The feature maintains full composability with DeFi protocols and includes compliance tools such as viewing keys. This forms part of a broader push to activate Bitcoin as a productive asset on Starknet, with future plans for quantum-resistant cryptography, BitVM integration, and trustless bridging. It highlights the network's focus on privacy-preserving Bitcoin DeFi.
• Approximately 127 million STRK tokens were released in a mid-May 2026 unlock, increasing the circulating supply and sparking community discussion around potential selling pressure. This forms part of the token's multi-year vesting schedule that continues into 2027. Despite the unlock, network development has continued with privacy launches and ecosystem grant programs. Observers note the distinction between strong underlying technology and short-term tokenomics effects.
• Starknet is deploying the STRK20 standard, enabling developers to launch privacy-focused stablecoins and other ERC-20 assets with default confidentiality features. It uses ZK-proofs via the Starknet Privacy Pool to hide sender, receiver, and amounts while supporting trading, staking, and other DeFi uses. Compliance mechanisms such as viewing keys are built in. This extends the privacy model seen in strkBTC across the wider ecosystem.